International Securities Exchange. March 2007.
For the sake of simplicity, the examples that follow do not take into consideration commissions and other transaction fees, tax considerations, or margin requirements, which are factors that may significantly affect the economic consequences of a given strategy. An investor should review transaction costs, margin requirements and tax considerations with a broker and tax advisor before entering
into any options strategy.
Options involve risk and are not suitable for everyone. Prior to buying or selling an option, a person must receive a copy of CHARACTERISTICS AND RISKS OF STANDARDIZED OPTIONS. Copies have been provided for you today and may be obtained from your broker, one of the exchanges or The Options Clearing Corporation. A prospectus, which discusses the role of The Options Clearing Corporation, is also available, without charge, upon request at 1-888-OPTIONS or www.888options.com.
Any strategies discussed, including examples using actual securities
price data, are strictly for illustrative and educational purposes and are not to be construed as an endorsement, recommendation or solicitation to buy or sell securities.
Without options, these are all of the available choices.
Long Split-Strike Synthetic
Short Put Spread
Ratio Call Spread
With options, these are some of the available choices.
(119.55 x 1) the rate modifier is 1 for JPY
New Zealand Dollar
Euro/Yen Cross Rate
Euro/Pound Cross Rate
Euro/Franc Cross Rate
April 13 (Reuters) - The Canadian dollar, hovering at 4-1/2 month highs against its U.S. counterpart, is benefiting from higher metals prices but remains within the range expected by the Bank of Canada, Governor David Dodge said on Friday.
CDD traded at its lowest level since Nov. 29 at 113.40
"What we've seen is metals, food and energy prices a little stronger than we might have anticipated at the beginning of the year so the Canadian dollar has traded up a little bit over this period," Dodge said on the sidelines of the IMF/World Bank Spring meetings.
"But it's traded roughly in the ranges that we had expected although a little bit higher. That seems to be largely reflecting the strength in metals and energy prices."
U.K. Pound Posts Weekly Gain on Prospect of Two Rate Increases
April 13 (Bloomberg) -- The U.K. pound advanced on the week against the dollar and yen as traders increased forecasts that the Bank of England will lift interest rates twice more this year.
BPX traded at 50.43 today, BPX reached the lowest level since Feb. 27 earlier today
The Bank of England has raised its benchmark rate three times since August, to 5.25 percent, to tame above-target inflation and cool the economy.
Long Dollar – Long $78 Call
Buy 78 strike Call at $1.15
Euro (EUI) 77.82
Net Credit $1.90